Quote Originally Posted by Lego_Man View Post
I'm not going near this argument, but Snoopy will also have enjoyed tax advantages from not having his capital gains taxed.
Not in this case Lego Man. My average entry price was $1.02. As I write this the market price is $1.02. I haven't made any capital gains, so my 'saving' in 'capital gains tax' (trading income tax) is nil.

A trader who has made some trade profits along the way (if there is such a person) will be ahead on a capital basis. Because the fact that they have paid tax on capital gains over and above trading costs indicates that they have actually made a capital profit. And any capital profit is better than none. (Except that is if being out of RBD means that you have missed out on the greater benefits of the dividends that the 'buy and hold' investor has banked by just doing nothing.) Clear as mud yet?

SNOOPY